"Forecast accuracy" refers to how well a forecast or prediction matches the actual outcome or event that occurs. It is the measure of how accurate or correct a prediction is. Full definition
Effectively coordinated with operating divisions to shorten the reporting process for monthly closings and improve forecast accuracy. (jobhero.com)
The half - life of the composition of a smart beta strategy, or the long and short portfolios that define a factor, is strongly linked to forecast accuracy over different horizons. (researchaffiliates.com)
In other words, measuring forecast accuracy is unlike measuring portfolio returns. (cxoadvisory.com)